Mercury Systems (MRCY) Updates FY18 Earnings Guidance

Mercury Systems (NASDAQ:MRCY) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.33-1.37 for the period, compared to the Thomson Reuters consensus estimate of $1.37. The company issued revenue guidance of $460-468 million, compared to the consensus revenue estimate of $472.71 million.Mercury Systems also updated its Q3 guidance to $0.33-0.35 EPS.

Several research firms have recently weighed in on MRCY. BidaskClub raised Mercury Systems from a sell rating to a hold rating in a research report on Wednesday, December 20th. Zacks Investment Research cut Mercury Systems from a strong-buy rating to a hold rating in a research report on Thursday, December 28th. SunTrust Banks reaffirmed a buy rating and set a $51.00 price objective on shares of Mercury Systems in a research report on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a buy rating and set a $48.00 price objective on shares of Mercury Systems in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $53.33.

Shares of Mercury Systems (NASDAQ:MRCY) traded down $0.22 during midday trading on Tuesday, reaching $49.04. The company had a trading volume of 633,483 shares, compared to its average volume of 297,514. Mercury Systems has a 1 year low of $30.89 and a 1 year high of $55.00. The firm has a market capitalization of $2,370.00, a PE ratio of 57.02, a PEG ratio of 4.37 and a beta of 0.23.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, January 23rd. The technology company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The company had revenue of $117.90 million for the quarter, compared to analyst estimates of $114.89 million. During the same period last year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. equities analysts forecast that Mercury Systems will post 1.09 earnings per share for the current year.

In other Mercury Systems news, COO Didier M. C. Thibaud sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $49.52, for a total value of $173,320.00. Following the sale, the chief operating officer now owns 379,940 shares in the company, valued at $18,814,628.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Aslett sold 4,800 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $49.92, for a total value of $239,616.00. Following the completion of the sale, the chief executive officer now owns 509,782 shares in the company, valued at approximately $25,448,317.44. The disclosure for this sale can be found here. Insiders have sold 65,800 shares of company stock valued at $3,351,345 over the last three months. Insiders own 3.50% of the company’s stock.

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Mercury Systems Company Profile

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

Earnings History and Estimates for Mercury Systems (NASDAQ:MRCY)

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